Merit Medical Systems (MMSI) Free Cash Flow (2010 - 2026)
Merit Medical Systems' (MMSI) quarterly Free Cash Flow came in at $24.7 million in Q1 2026, down 32.88% year-on-year from $36.8 million in Q1 2025, and down 75.43% quarter-over-quarter from $100.4 million in Q4 2025.
Merit Medical Systems (MMSI) Free Cash Flow (2010 - 2026) Analysis & Trends
Merit Medical Systems has disclosed Free Cash Flow across 17 years of filings, most recently posting $24.7 million for Q1 2026.
- Free Cash Flow for Q1 2026 came in at $24.7 million, down 32.88% year-over-year; the trailing twelve-month figure through Mar 2026 was $282.1 million (up 1898.64% YoY), and the FY2025 annual result was $294.2 million, up 58.48% from the prior year.
- Free Cash Flow came in at $24.7 million for Q1 2026 at Merit Medical Systems, down from $100.4 million in the prior quarter.
- In the past five years, Free Cash Flow ranged from a high of $104.8 million in Q3 2025 to a low of -$141.3 million in Q4 2024.
- The 5-year median for Free Cash Flow is $37.7 million (2022), against an average of $33.4 million.
- Across the five-year window, Free Cash Flow soared 680.12% in 2023 and sank 341.06% in 2024, its largest moves.
- Merit Medical Systems' Free Cash Flow stood at $56.8 million in 2022, then climbed by 3.08% to $58.6 million in 2023, then tumbled by 341.06% to -$141.3 million in 2024, then soared by 171.07% to $100.4 million in 2025, then tumbled by 75.43% to $24.7 million in 2026.
- The last three Free Cash Flow figures came in at $24.7 million (Q1 2026), $100.4 million (Q4 2025), and $104.8 million (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF (Qtr) |
|---|---|---|---|---|---|
| 1 | Intuitive Surgical | 148.09 Bn | 143.69 Bn | 1.83 Bn | 808.60 Mn |
| 2 | Becton Dickinson | 41.00 Bn | 39.99 Bn | 2.15 Bn | 546.00 Mn |
| 3 | Medline | 30.38 Bn | 36.22 Bn | 1.84 Bn | 316.00 Mn |
| 4 | Resmed | 28.22 Bn | 26.56 Bn | 890.98 Mn | 520.48 Mn |
| 5 | West Pharmaceutical Services | 23.72 Bn | 23.19 Bn | 296.40 Mn | 63.80 Mn |
| 6 | Solventum | 13.33 Bn | 13.33 Bn | 1.10 Bn | -273.00 Mn |
| 7 | Cooper Companies | 13.12 Bn | 12.99 Bn | 735.40 Mn | 96.40 Mn |
| 8 | Align Technology | 12.86 Bn | 11.80 Bn | 736.59 Mn | 120.26 Mn |
| 9 | Baxter International | 10.51 Bn | 8.47 Bn | 891.00 Mn | 76.00 Mn |
| 10 | Merit Medical Systems | 4.03 Bn | 3.54 Bn | 184.80 Mn | 24.67 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 24.67 Mn |
| Mar 31, 2026 | 24.67 Mn |
| Dec 31, 2025 | 100.40 Mn |
| Dec 31, 2025 | 100.40 Mn |
| Sep 30, 2025 | 104.77 Mn |
| Sep 30, 2025 | 104.77 Mn |
| Jun 30, 2025 | 52.31 Mn |
| Jun 30, 2025 | 52.31 Mn |
| Mar 31, 2025 | 36.76 Mn |
| Mar 31, 2025 | 36.76 Mn |
| Dec 31, 2024 | -141.26 Mn |
| Dec 31, 2024 | -141.26 Mn |
| Sep 30, 2024 | 43.84 Mn |
| Sep 30, 2024 | 43.84 Mn |
| Jun 30, 2024 | 74.78 Mn |
| Jun 30, 2024 | 74.78 Mn |
| Mar 31, 2024 | 24.53 Mn |
| Mar 31, 2024 | 24.53 Mn |
| Dec 31, 2023 | 58.60 Mn |
| Dec 31, 2023 | 58.60 Mn |